Home Loan Professional Package And First Home Owners Grant plan
FHOGS: First home buyers grant is given by NSW government to those who are eligible to buy first home in the market. The federal government has improvised this buyer's grant in recent times to give an attractive selection for all the first home buyers.
The First Home Owner Grant Scheme (FHOGS) is fully funded by the NSW Government and administered by the Office of State Revenue (OSR). The Scheme was established to assist first home buyers to purchase their first home by offering a $7000 grant.
Eligible first home owners can receive the grant regardless of their income, the area in which they are planning to buy or build, or the value of their first home. The grant is not means tested and no tax is payable on it.
In October 2008, the Australian Government proclaimed a First Home Owner Boost which complements the NSW Government, financed First Home Owner Grant Scheme.In regard to the declaration from the Commonwealth:
First home buyers who purchase established homes will receive a boost of $7,000. These will double the first home buyers grant to $14,000.
The first home buyers who are going to build a new home or buying a newly constructed home will get an extra amount of $14,000. This will totally include to an amount of $21,000 to the first home buyers.
Home Loan Professional Packages: Like Credit rating AAA, AA or A rating you will a superior credit profile. In order to attract people who earns large incomes or the people who are known as low risk borrowers, lenders are offering a special loan deals which are called as Professional packages as a rewards to these customers.
These packages are offered to a large range of purchasers with adequate income or collective loan size not like a long time ago where it was available to professionals like lawyers and accountants.
Discounts of 0.2 to 0.7 per cent off lenders' standard variable interest rate and up to 0.25 per cent off fixed interest rates are offered by Professional package depending on the size of the loan.
You can save on the rates discounts and also the professional package presents a range of other cut rates on financial records such as credit cards, transaction, margin loans and insurance.
Think about the favorable offers and non favorable things i.e., pros and cons of the professional package.
Pros of a Professional Package Home Loan are Fully featured account e.g. redraw, split loans, internet and phone banking, Interest rate discounts on the standard variable rate, You may be eligible for other benefits such as fee free transaction accounts and discounts on insurance products and Some Home Loan lenders also offer no establishment fees and no ongoing monthly fees on your loans.
Cons of a Professional Package Home Loan are An annual fee applies to this product.
The First Home Owner Grant Scheme (FHOGS) is fully funded by the NSW Government and administered by the Office of State Revenue (OSR). The Scheme was established to assist first home buyers to purchase their first home by offering a $7000 grant.
Eligible first home owners can receive the grant regardless of their income, the area in which they are planning to buy or build, or the value of their first home. The grant is not means tested and no tax is payable on it.
In October 2008, the Australian Government proclaimed a First Home Owner Boost which complements the NSW Government, financed First Home Owner Grant Scheme.In regard to the declaration from the Commonwealth:
First home buyers who purchase established homes will receive a boost of $7,000. These will double the first home buyers grant to $14,000.
The first home buyers who are going to build a new home or buying a newly constructed home will get an extra amount of $14,000. This will totally include to an amount of $21,000 to the first home buyers.
Home Loan Professional Packages: Like Credit rating AAA, AA or A rating you will a superior credit profile. In order to attract people who earns large incomes or the people who are known as low risk borrowers, lenders are offering a special loan deals which are called as Professional packages as a rewards to these customers.
These packages are offered to a large range of purchasers with adequate income or collective loan size not like a long time ago where it was available to professionals like lawyers and accountants.
Discounts of 0.2 to 0.7 per cent off lenders' standard variable interest rate and up to 0.25 per cent off fixed interest rates are offered by Professional package depending on the size of the loan.
You can save on the rates discounts and also the professional package presents a range of other cut rates on financial records such as credit cards, transaction, margin loans and insurance.
Think about the favorable offers and non favorable things i.e., pros and cons of the professional package.
Pros of a Professional Package Home Loan are Fully featured account e.g. redraw, split loans, internet and phone banking, Interest rate discounts on the standard variable rate, You may be eligible for other benefits such as fee free transaction accounts and discounts on insurance products and Some Home Loan lenders also offer no establishment fees and no ongoing monthly fees on your loans.
Cons of a Professional Package Home Loan are An annual fee applies to this product.
About the Author:
Guy Baldwin is a director of the website http://www.directmoneyhomeloans.com.au. If you'd like to get assistance contact Directmoney at 1300 882 432 and get the best low rate home loans for you, and their services are free of charge.
posted by Credit Counseling at
7:27 AM
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